In this time of uncertainty, businesses face massive challenges, with the landscape seeming to shift daily. Many are feeling information overload. To support regional businesses, a panel of attorneys at Bousquet Holstein are pleased to join with the Tompkins County Chamber of Commerce for another webinar in the COVID-19 Business Readiness Series on Friday, May 8th at 12:00 Read More »
Coronavirus (COVID-19) has arrived in Tompkins County and many businesses are asking critical questions. Questions like: How can we keep our workplaces safe and clean? How can we accommodate changes in employee needs, like having to work remotely? And how might this impact my business and our economy? What can I do to keep my Read More »
Federal legislation authorizing additional funding for employers, hospitals and healthcare providers confronting Covid-19 pandemic is effective April 24, 2020. The Paycheck Protection Program Increase Act of 2020 ("PPPIA") is the fourth piece of major federal legislation adopted in response to Covid-19. NOTE: The Payroll Protection Program resumes Monday, April 27th at 10:30 AM EDT. The SBA will resume Read More »
This week, a Proclamation was issued suspending some immigrant visa entries. The order went into effect April 23, 2020 at midnight eastern time and will last for 60 days. The effect of this proclamation is that some people who are outside the U.S. waiting for an immigrant visa may not enter the U.S. as immigrants Read More »
On April 9, 2020, included among a large number of tax return filing and payment extensions, the IRS extended the deadline for taxpayer's with capital gain to invest in a Qualified Opportunity Fund. In order to defer capital gain by investing in the Qualified Opportunity Fund, the capital gain must be invested within 180 days Read More »
The Department of Treasury and the Internal Revenue Service has extended additional key tax deadlines for individuals and businesses. Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty, late-payment penalty or interest will be due. This Read More »
On April 8, 2020, the IRS released Rev. Proc. 2020-23 which allows certain partnerships to file amended returns for the 2018 and 2019 tax years that had previously been prohibited from filing amended returns. Prior to the Revenue Procedure, partnerships subject to the Bipartisan Budget Act of 2015 ("BBA") would not be able to take advantage of Read More »
Pursuant to the enacted 2020‐2021 NYS Budget (the "Budget"), covered projects undertaken by industrial development agencies ("IDAs") and local development corporations ("LDCs") will be subject to prevailing wage, effective January 1, 2022. A "Covered Project" is any construction work done under contract that is paid for in whole or in part out of public funds where the Read More »
In response to the coronavirus outbreak, the Department of Homeland Security and related agencies have closed or strictly limited many immigration-related services, but emergency services continue and some applications are still being processed. The following is an overview of the current immigration services. USCIS Offices Closed through at least May 3, 2020 USCIS initially cancelled Read More »
Ryan Suser, a Member and Litigation Attorney in the firm’s Trust's and Estates / Elder Law Practice, defeated a motion for summary judgment against several individual clients. The case is brought by a nursing home against several relatives of the nursing home's resident, who recently passed away. Among other things, the complaint seeks to "claw Read More »